Agnico Eagle Mines is trading 10.2% up now at $165.91 as investors rotate into gold miners amid a firmer gold backdrop and strength across the Materials sector.
- The move aligns with a broader market shift out of growth stocks and into cyclicals, with resource names benefiting from improved risk-on sentiment.
- Higher copper prices are providing additional tailwinds for the sector, despite the absence of any new company-specific catalysts.